Libyan Arab Foreign Investment Company (Lafico)
Country: Libya
Coverage: Riccardo Costantini
Established: 1981
US$ Billion: 50
Origin: Oil
Transparency Rating: 1
Summary:
Founded: 1981 and controlled by the Central Bank of Libya, The Libyan Arab Foreign Investment Company (Lafico) is a Tripoli, Libyan Arab Jamahiriya-based investment management firm. The firm focuses on industrial, commerce, agriculture, tourism, and real state sectors and invests globally. They have a branch office in Rome.
News and Updates
4/21/2008
Libya Seeks `Strategic Partner' for Tamoil
According to Bloomberg, "The Libyan government is seeking a ``strategic partner'' for Tamoil SA, its overseas oil refining and distribution company, after an attempt to sell the business to Colony Capital LLC failed.
The Libyan Investment Authority, which manages the country's assets abroad, ``is in talks with possible partners,'' National Oil Corp. Chairman Shokri Ghanem said today in an interview in Rome, where he's attending the International Energy Forum."
read more: Bloomberg
Location
P.O. Box 4538
Tripoli, 91991
Libyan Arab Jamahiriya
Website
Libyan Arab Foreign Investment Company
Major Direct Foreign Investments (Public)
| Company |
Country |
Industry |
% Ownership |
Comments |
| Juventus Football Club |
Italy |
Telecommunications |
7.5% |
|
| Capitalia SpA |
Italy |
Financials |
5% |
|
|
Major Direct Foreign Investments (Private)
| Company |
Country |
Type |
% Ownership |
Comments |
| Lafico Algeria Holding |
Algeria |
Subsidiary |
100% |
|
| Dar Hotels and Resorts |
Tunisia |
Subsidiary |
53% |
|
| Le Meridien Amman |
Jordan |
Subsidiary |
50% |
|
| Pak-Libya Holding Company |
Pakistan |
Subsidiary |
50% |
|
| Corinthia Group |
Malta |
Subsidiary |
50% |
|
| Olcese |
Italy |
Subsidiary |
30.8% |
|
| Housing Bank for Trade and Finance - Algeria |
Algeria |
Private Stock |
15% |
|
| F3I |
Morocco |
Private Stock |
15% |
|
| Oriental Petrochemicals Company |
Egypt |
Private Stock |
14% |
|
| Zara Investment (Holding) Company |
Jordan |
Private Stock |
13% |
|
| Société El Wifack Leasing |
Tunisia |
Private Stock |
12% |
|
| Arab Mining Company |
Jordan |
Private Stock |
10.1% |
|
|
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
|
